The Paramount Group Inc. opened up its REIT IPO at the highest value ever in U.S. real estate at $2.29 billion in mid November. This will be only the 5th REIT to go public this year compared to 2013 where there were 20 companies. This was huge for U.S. REIT since companies don’t always have an incentive to go public, being that there are safer ways to raise capital, as well as the uncertainty of rising interest rates that may cause investors to go elsewhere. Paramount’s listings include high profile real estate in New York, San Francisco and Washington, which according to shareholders, solidified their investment in the company. The Paramount Group can be found on the NYSE under PGRE.